San Francisco, CA – OpenAI announced a significant milestone on Monday, revealing that it has successfully closed one of the largest private funding rounds in history. The company secured $40 billion in funding, which in turn values OpenAI at an impressive $300 billion post-money.
Leading this financing round is SoftBank, a notable player in the technology investment world. Other key participants include giants like Microsoft, Coatue, Altimeter, and Thrive, all of whom have previously shown support for OpenAI. The substantial amount raised will undoubtedly facilitate OpenAI’s mission to advance AI research and expand its computational infrastructure.
In a statement released on their blog, OpenAI expressed their enthusiasm for the new capital infusion, highlighting its potential to further their AI research efforts and enhance tools like ChatGPT, heavily used by millions weekly. The partnership with SoftBank Group is seen as a strategic move to leverage their expertise in scaling transformative technologies.
Sources report that a significant portion of the funding, around $18 billion, will be allocated to OpenAI’s Stargate infrastructure project. This ambitious project aims to establish a network of AI data centers across the United States, underscoring OpenAI’s commitment to innovation and technological advancement. This substantial investment demonstrates the growing interest and confidence in OpenAI’s vision and capabilities.